 "Lead up 0.1% on global cues, spot demand")
Tracking a firming trend in base metals in the global market, lead futures prices today rose marginally by 0.09% to Rs 115.50 per kg as speculators enlarged positions.
Further, rising domestic spot demand from battery-makers supported the upside.
At the Multi Commodity Exchange, lead for delivery in current month traded higher by 10 paise, or 0.09%, at Rs 115.50 per kg, with a turnover of 223 lots.
Marketmen said a firming trend in base metals at the London Metal Exchange and rising demand from domestic battery-makers, influenced lead prices at futures trade here.
Further, rising domestic spot demand from battery-makers supported the upside.
At the Multi Commodity Exchange, lead for delivery in current month traded higher by 10 paise, or 0.09%, at Rs 115.50 per kg, with a turnover of 223 lots.
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Metal for delivery in January also rose by a similar margin to trade at Rs 116.90 per kg in a turnover of 57 lots.
Marketmen said a firming trend in base metals at the London Metal Exchange and rising demand from domestic battery-makers, influenced lead prices at futures trade here.
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